Corporations Regulations 2001
SCHEDULE 10D
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FORM AND CONTENT OF PRODUCT DISCLOSURE STATEMENT
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SUPERANNUATION PRODUCT TO WHICH SUBDIVISION 4.2B OF DIVISION 4 OF PART 7.9 APPLIES
Section 2 of the Product Disclosure Statement must include statements to the effect that:
(a) superannuation is a means of saving for retirement which is, in part, compulsory; and
(b) there are different types of contributions available to a person (for example, employer contributions, voluntary contributions, government co-contributions); and
(c) there are limitations on contributions to, and withdrawals from, superannuation; and
(d) tax savings are provided by the Government; and
(e) most people have the right to choose into which superannuation entity the employer should direct their superannuation guarantee contributions.
4(2)
The superannuation trustee may provide more detailed information on the matters set out in subclause (1) by:
(a) applying, adopting or incorporating a matter in writing; or
(b) providing a reference to a website, operated by or on behalf of the Commonwealth, that contains the information.
CCH Note - modifying legislative instruments: The application of Schedule 10D is affected by the ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070.
For other modifying legislative instruments or class orders, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
Modifying legislative instruments
4 Contents of section 2 (How super works) 4(1)Section 2 of the Product Disclosure Statement must include statements to the effect that:
(a) superannuation is a means of saving for retirement which is, in part, compulsory; and
(b) there are different types of contributions available to a person (for example, employer contributions, voluntary contributions, government co-contributions); and
(c) there are limitations on contributions to, and withdrawals from, superannuation; and
(d) tax savings are provided by the Government; and
(e) most people have the right to choose into which superannuation entity the employer should direct their superannuation guarantee contributions.
View history note
Hide history note4(2)
The superannuation trustee may provide more detailed information on the matters set out in subclause (1) by:
(a) applying, adopting or incorporating a matter in writing; or
(b) providing a reference to a website, operated by or on behalf of the Commonwealth, that contains the information.
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